The balance sheet is divided into three sections: Assets, liabilities and equity. Within the assets sections, how are the items listed?

answer
The correct answer is 2. The more liquid an asset the higher up it's listed. Cash will be listed first, than accounts receivables, inventory and then longer term assets like real estate and factories.
Part of the course

Try it out

This question is part of our Principles of Finance course.

00:00
00:00

Pick a plan that suits you the best!

Monthly Subscription

$12/month
(billed monthly)

Annual Subscription

$5/month 
(billed annually)

All our plans includes:

  • High quality audio lessons
  • Lesson summaries
  • Interactive questions
  • Learn & Earn
  • Flashcards
  • Lesson transcripts
  • Learning community